If the federal government regulated airline ticket prices to prevent them from falling during a recession, there would be a ________ of airline tickets which would likely ________ the airline profits.

Question

Quizplus · Accepted Answer

Regulating airline ticket prices to prevent them from falling during a recession would lead to a surplus of tickets, as the higher prices would reduce demand. This surplus would likely reduce airline profits, as airlines would struggle to sell all their tickets.

If the Federal Government Regulated Airline Ticket Prices to Prevent